Northern Trust Corp. PT Lowered to $61.00 (NTRS)
Investment analysts at Raymond James decreased their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $62.00 to $61.00 in a note issued to investors on Thursday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 14.77% from the company’s current price.
Shares of Northern Trust Corp. (NASDAQ:NTRS) traded down 0.99% on Thursday, hitting $53.15. 2,644,230 shares of the company’s stock traded hands. Northern Trust Corp. has a 52-week low of $45.93 and a 52-week high of $62.02. The stock has a 50-day moving average of $55.4 and a 200-day moving average of $56.44. The company has a market cap of $12.763 billion and a price-to-earnings ratio of 18.70.
Northern Trust Corp. (NASDAQ:NTRS) last released its earnings data on Wednesday, July 17th. The company reported $0.78 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that Northern Trust Corp. will post $3.08 earnings per share for the current fiscal year.
NTRS has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Northern Trust Corp. (NASDAQ:NTRS) in a research note to investors on Monday. They now have a $66.00 price target on the stock. Separately, analysts at Guggenheim cut their price target on shares of Northern Trust Corp. (NASDAQ:NTRS) from $69.50 to $66.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Northern Trust Corp. (NASDAQ:NTRS) in a research note to investors on Thursday, September 5th. They now have a $58.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $57.14.
Northern Trust Corporation (NASDAQ:NTRS) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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